thyssenkrupp ag analysts’ and investors’ conference · thyssenkrupp ag analysts‘ conference...
TRANSCRIPT
ThyssenKrupp AG Analysts’
and Investors’
Conference
Dr.-Ing. Ekkehard
D. SchulzEssen, November 30, 2010
2009/2010 fiscal year
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
1 Developing the future.
Agenda Dr.-Ing. Ekkehard D. Schulz
Key figures of fiscal year 2009/2010
Transatlantic growth strategy
Performance of the business areas
Outlook
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
2 Developing the future.
~ 1.8
FY
2008/09
sus-
tain-
able
~ 0.8
~ 1.0
1.5 –
2.0
~ 1.3
Sustainable cost savings planned
(bn
€)
FY
2010/11E
H1
2009/10
Sustainable cost savings realized (bn
€)
Q1
2009/10
9M
2009/10
~ 1.2~ 1.4
FY
2009/10
~ 1.5
Earnings increase through sustainable cost savings
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
3 Developing the future.
Key figures of fiscal year 2009/2010
Order intake
billion €
41.3
Sales
billion €
42.6
EBT million €
1,135
Adjusted EBT
million €
1,030
Earnings per share
€
1.77
Dividend per share*
€
0.45
Employees
(Sept. 30)
177,346
*Proposal to General Stockholders’
Meeting
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
4 Developing the future.
Earnings –
turnaround achieved Earnings before taxes
(in billion €)
1.68
2.62
3.333.13
-2.36
1.14
2004/05 2005/06 2006/07 2007/08 2008/09 2009/10
(2.36)
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
5 Developing the future.
Transatlantic growth strategy Our major projects CSA and Alabama
ThyssenKrupp CSA~ 5 mmt
slabs
ThyssenKrupp Steel USA
~ 4 mmt
end products
ThyssenKrupp Steel Europe~16 mmt
end products
Cost advantages
Direct supply of iron ore
Captive power supply in excess of own needs
Optimized logistics and ultra-
modern equipment
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
6 Developing the future.
ThyssenKrupp CSA (I)Successful startup of major project in Brazil
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
7 Developing the future.
ThyssenKrupp CSA (II) First blast furnace fired up on July 12, 2010, second to follow in early December
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
8 Developing the future.
ThyssenKrupp CSA (III) First slab produced at beginning of September
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
9 Developing the future.
Good progress on major project in USA Official inauguration on December 10, 2010
Hot-dip
coating
1-4
Tandem/cold-rolling
mill
Hot strip
mill
River terminal
Stainless
melt
shop
Stainless
cold-
rolling
mill
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
10 Developing the future.
First coil produced in Alabama on July 31, 2010
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
11 Developing the future.
Steel Europe –
key figures
2009/102008/09
7,892
10,986
Order intake (million €)
2009/102008/09
(197)
639
Earnings before taxes (million €)
2009/102008/09
9,570
10,770
Sales (million €)
+39%
+13%
+€836 m
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
12 Developing the future.
Steel Americas –
key figures
2009/102008/09
N.A.
69
Order intake (million €)
2009/102008/09
(216)
(320)
Earnings before taxes (million €)
2009/102008/09
N.A.
68
Sales (million €)
-€104 m
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
13 Developing the future.
Stainless Global –
key figures
2009/102008/09
4,147
5,121
Order intake (million €)
2009/102008/09
(926)
(121)
Earnings before taxes (million €)
2009/102008/09
4,486
5,901
Sales (million €)
+23%
+32%
+€805 million
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
14 Developing the future.
Materials Services –
key figures
2009/102008/09
12,085 12,805
Order intake (million €)
2009/102008/09
(295)
411
Earnings before taxes (million €)
2009/102008/09
12,815 12,763
Sales (million €)
+/-0%
+6%
+€706 million
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
15 Developing the future.
Elevator Technology –
key figures
2009/102008/09
5,038 5,099
Order intake (million €)
2009/102008/09
570602
Earnings before taxes (million €)
2009/102008/09
5,308 5,188
Sales (million €)
+1%
-2% +6%
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
16 Developing the future.
Plant Technology –
key figures
2009/102008/09
3,538
3,859
Order intake (million €)
2009/102008/09
236
308
Earnings before taxes (million €)
2009/102008/09
4,4503,931
Sales (million €)
+9%
-12%
+31%
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
17 Developing the future.
Components Technology –
key figures
2009/102008/09
4,177
5,653
Order intake (million €)
2009/102008/09(458)
220
Earnings before taxes (million €)
2009/102008/09
4,603
5,724
Sales (million €)
+35%
+24%
+€678 million
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
18 Developing the future.
Marine Systems –
key figures
2009/102008/09
870
531
Order intake (million €)
2009/102008/09(554)
38
Earnings before taxes (million €)
2009/102008/09
1,594
1,211
Sales (million €)
-39%
-24% +€592 million
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
19 Developing the future.
–
2010 –Unexpectedly strong
recovery
-4.7
-2.6
-5.2
-0.2
6.7
9.1
-1.0
–
2009 –
Deep recession except for
China and India
–
2011 –
Pace of growth slower
4.1
10.0
8.5
6.8
2.5
2.7
3.2
3.8
8.5
8.4
4.8
1.5
2.3
1.7Germany
USA
Japan
Brazil
India
China
World
Surprisingly strong growth in 2010 to continue in 2011 but at slower pace [GDP, real, in % versus prior year]
Source: IHS Global Insight, in-house research
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
20 Developing the future.
Outlook fiscal year 2010/11
Sales
[million €]
Further increase by 10-15%
EBIT adjusted [million €]
* Comparative prior-year figure –
and outlook for 2010/2011 –
based on modified definition of EBIT
2009/10 2010/11E
42,621
2009/10 2010/11E
1,231*
~ €2 billion*
Steel Americas:
€(600) million*
Steel Americas:
Negative EBIT in mid three-digit
million euro
range
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
21 Developing the future.
Successful performance of the Group since the merger Fiscal year 1998/1999 versus 2007/2008
53
32
1.3
0.7
0.6
3.1
Sales [bn
€] Dividend per share [€]Earnings [bn
€]
+ 66% x 5 > 80%
Organic growth
+ M&A
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
22 Developing the future.
ThyssenKrupp back on growth path [billion €]
10/1109/10
42.6
08/09
40.6
-2.4
07/08
53.4
3.1
06/07
51.7
3.3
05/06
47.1
2.6
04/05
42.1
1.8
03/04
39.3
1.6
02/03
36.1
0.7
01/02
36.7
0.8
00/01
38.0
0.9
99/00
37.2
1.1
SalesEarnings before taxes
1.1
ThyssenKrupp AG Analysts‘ ConferenceNovember 30, 2010Dr.-Ing. Ekkehard D. Schulz
23 Developing the future.
ThyssenKrupp A focused, value-creating
technology and materials
group
Steel Europe
Steel Americas
Stainless Global
Materials Services
Elevator Technology
PlantTechnology
Components Technology
Marine Systems
ThyssenKrupp
Materials Technologies